Hf Foods Group (NASDAQ:HFFG) Stock Rating Lowered by Wall Street Zen

Hf Foods Group (NASDAQ:HFFG) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hf Foods Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Hf Foods Group Stock Performance

Shares of HFFG stock opened at $2.16 on Friday. The company has a market cap of $114.57 million, a price-to-earnings ratio of -2.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.52. The stock has a 50 day simple moving average of $2.88 and a 200-day simple moving average of $3.28. Hf Foods Group has a 12-month low of $1.70 and a 12-month high of $4.93. The company has a current ratio of 1.19, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of Hf Foods Group by 192.7% during the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock worth $40,000 after purchasing an additional 8,197 shares in the last quarter. Invesco Ltd. lifted its holdings in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after buying an additional 4,351 shares during the last quarter. Choreo LLC bought a new position in Hf Foods Group during the 1st quarter worth approximately $56,000. Intech Investment Management LLC bought a new position in Hf Foods Group during the 2nd quarter worth approximately $61,000. Finally, Walleye Capital LLC bought a new position in Hf Foods Group during the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 24.02% of the company’s stock.

About Hf Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.